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Affordable
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These days, finding an affordable place to live in the 56218 area can be challenging. Home prices in 56218 are now at a median cost of $237,001, lower than the Minnesota average of $345,793.
The average cost of rent is $561/mo in 56218, primarily driven by the current value of real estate in the 56218 area. In 56218, 11.08% of households rent, and 55.73% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 56218 is $7,865 per month. Households that rent pay about 7.13% of their income on rent here. 56218’s most expensive areas are in the central regions, while the cheapest areas are in the southern parts of the zip.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Zip Codes
- 56223, MN: less expensive homes
- 56232, MN: less expensive homes
- 56265, MN: less expensive homes
- 56241, MN: less expensive homes
- 56220, MN: less expensive homes
- 56260, MN: less expensive homes
- 57237, SD: less expensive homes
- 56285, MN: less expensive homes
- 56222, MN: less expensive homes
- 56284, MN: less expensive homes
Zip Codes with Similar Populations
- 41513, KY: less expensive homes
- 83840, ID: higher priced homes
- 83670, ID: higher priced homes
- 83126, WY: higher priced homes
- 83111, WY: higher priced homes
- 82923, WY: higher priced homes
- 50453, IA: less expensive homes
- 47907, IN: equally priced homes
- 46175, IN: equally priced homes
- 42566, KY: less expensive homes
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